Inter & Co, Inc. (INTR) SEC Filings, Apr-Jul 2026

Inter&Co’s 2025 annual report highlights strong growth and improving profitability. The company ended 2025 with 43.1 million total clients and a loan portfolio of R$48.3 billion, up 36% year over year. Total gross revenue reached R$14,999 million, a 45% increase, while net income rose to R$1,312 million, also up 45%.

Return on equity improved from 11.1% in 2024 to 13.8% in 2025, supported by a risk‑adjusted net interest margin that expanded from 3.9% to 5.9%. Deposits grew to R$73 billion, about 30% higher than the prior year, with a historically low cost of funding around 65% of Brazil’s CDI rate helping margins.

Management frames strategy around a “Rule of 50,” targeting each year through 2029 a combined figure of revenue growth rate plus ROE of 50%. In 2024 and 2025, this combined metric was 45% and 46%. Growth is driven by a cloud‑native “3SA” Single, Smart, Super App, heavy use of AI in underwriting and personalization, and a deliberate tilt toward secured and payroll lending, such as mortgages, home equity, FGTS and private payroll loans.

Inter&Co announced that its subsidiary Banco Inter S.A. has received a license from the Florida Office of Financial Regulation to launch and operate a state-licensed branch in Miami. This follows prior approvals from the Federal Reserve and Florida regulators to establish the branch.

The new U.S. branch will issue its own credit and debit cards and offer regulated credit products directly, rather than relying on third‑party sponsor banks. The company plans to migrate its 5.5 million existing global account clients to this structure to improve its funding mix, lower servicing costs, and support its next phase of international growth.

Inter & Co, Inc. Schedule 13G/A amendment: reporting persons Squadra Investments - Gestao de Recursos Ltda., related entity Squadra Investimentos, and Guilherme Mexias Ache state shared voting power of 28,175,700 and shared dispositive power of 32,806,391 with respect to Class A Common Shares as of May 20, 2026. The filing reports that the 32,806,391 shares represent 10.1% of the class and notes that the Investment Managers and Mr. Ache "may be deemed to beneficially own" the securities under applicable rules, while each Reporting Person disclaims beneficial ownership. Signatures for the amendment are dated 05/26/2026.

INTER & Co, Inc. reported that investment managers Squadra Investimentos – Gestão de Recursos Ltda. and Squadra Investments – Gestão de Recursos Ltda. now hold 32,806,391 securities, equal to 10.07% of the Company’s Class A Common Shares. The position was built through trades on the São Paulo stock exchange and consists of 23,230,214 Brazilian Depositary Receipts (INBR32) and 9,576,177 Class A Common Shares held directly, with 447,712 BDRs currently on loan. Squadra states that this investment is not intended to change Inter&Co’s control or management structure, and the disclosure is made under Brazilian securities rules requiring notice when ownership crosses thresholds such as 5% and 10% of a share class.

Inter&Co, Inc. uses its Owners’ Day 2026 presentation to outline how its digital banking model has scaled while improving profitability. Total net revenue rose from R$3,563 million in 2022 to R$9,004 million in the LTM to March 2026, while net income grew at a 33% CAGR and ROE increased from 1.8% in 2022 to 15.5%. The client base reached about 44 million clients and funding expanded from R$33 billion in 4Q22 to R$74 billion in 1Q26.

Management emphasizes a strategy centered on a 100% digital “super app,” low cost of funding and cost-to-serve, and a focus on secured lending such as mortgages and payroll loans. They introduce a conceptual “Rule of 50,” where net revenue growth plus ROE are intended to sum to roughly 50% over time, supported by AI-driven underwriting, collections, and personalization.

Inter & Co reported strong 1Q26 results, with net income rising to R$395 million, up 37.8% year over year, and return on equity reaching 15.5%. Total gross revenue grew to R$4.3 billion and net revenue to R$2.4 billion, increases of 37.5% and 32.8% respectively.

The gross loan portfolio expanded 33.2% year over year to R$49.8 billion, driven by mortgages, payroll-linked and credit card loans, while funding rose 25.4% to R$74.1 billion with cost of funding at 64.1% of CDI. The bank ended the quarter with 44.0 million total clients and 25.8 million active clients, supported by higher engagement and the launch of its multi-agent AI tool, Seven.

Asset quality remained manageable but showed some pressure, as NPLs over 90 days increased to 5.1% and the all-in cost of risk reached 5.6%, although coverage stayed high at 137%. Efficiency continued to improve, with the efficiency ratio falling to 43.8% as expenses grew more slowly than revenues.

Inter&Co, Inc. reported strong interim results for the period ended March 31, 2026. Net income attributable to shareholders reached R$394.8 million, up 37.8% from the same period in 2025, with basic and diluted earnings per share rising to R$0.89 from R$0.65.

Total revenues grew to R$2.4 billion, an increase of 32.8% year over year, supported by higher interest income, securities and FX results, and service fees. The customer base surpassed 44.0 million, with an activation rate of 58.6%, 1.4 percentage points higher than a year earlier.

The loan portfolio reached R$49.8 billion, 3.3% above December 31, 2025, while total funding rose to R$69.1 billion. Total assets stood at R$99.1 billion and shareholders’ equity at R$10.4 billion, both slightly above year-end 2025, indicating continued balance sheet expansion alongside profitable growth.

Inter & Co, Inc. filed an initial insider ownership report (Form 3) for Maciel Andre Guilherme Cazzaniga, identifying him as a director. This filing does not list any stock transactions or derivative positions for him, and serves primarily as a baseline disclosure of his reporting status.

Inter & Co, Inc., a Cayman Islands holding company for Brazilian digital bank Banco Inter, filed its IFRS-based 2025 Form 20‑F. The report shows a Gross Loan Portfolio of R$52.56 billion and Funding of R$72.92 billion, reflecting a growing credit and deposit base.

Net income reached R$1.40 billion, with Return on Average Equity of 14.4%. Total Gross Revenue was R$14.99 billion and Net Interest Margin was 7.8%, with a Cost of Funding of 9.3% and Cost of Risk of 4.9% on a Credit‑Sensitive Portfolio of R$55.32 billion.

The company details revised methodologies for key non‑GAAP metrics such as Efficiency Ratio, Cost of Risk, Interest‑Earning Portfolio and NIM, and explains numerous operating and regulatory risks, including competition in Brazilian digital banking, cybersecurity, data protection, AI use and evolving Brazilian and international regulation.